Kinder focusing on Mo. housing tax credits

(JEFFERSON CITY, Mo., AP) — Lt. Gov. Peter Kinder is preparing to announce efforts to preserve Missouri’s low-income housing tax credits.

Kinder was traveling Monday to St. Louis for a news conference with lawmakers and a city alderwoman.

The tax credits are awarded to developers of low-income housing. The Missouri Housing Development Commission this month delayed about $14 million annually in tax credits to build apartments for low-income residents. Kinder was the lone commission member to vote against the move.

The delay came shortly after Missouri lawmakers approved legislation authorizing up to $1.7 billion in tax incentives over two decades for Boeing Co. to build a plant in the St. Louis area. Those incentives and the housing tax credits were linked informally as part of negotiations between Democratic Gov. Jay Nixon and Republican senators.

Posted by on December 23, 2013. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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